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STR: Middle East and Africa hotel pipeline for July 2016

August 17, 2016 Hotel Trends No Comments Print Print Email Email

STR’s July 2016 Pipeline Report shows 155,899 rooms in 552 projects Under Contract in the Middle East and 56,227 rooms in 295 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.http://indusatryclub.com.au/

The Under Contract total in the Middle East represents an 18.8% increase in rooms Under Contract compared with July 2015. Specifically in the In Construction phase, the Middle East reported 83,194 rooms in 259 hotels, a 12.2% increase in year-over-year comparisons.

The Under Contract total in Africa represents a 23.8% increase in rooms Under Contract compared with July 2015. Specifically in the In Construction phase, Africa reported 29,928 rooms in 155 hotels, a 21.3% increase in year-over-year comparisons.

Two of the key markets in the Middle East and Africa reported more than 20,000 rooms In Construction: Makkah, Saudi Arabia (21,835 rooms in 13 hotels) and Dubai, United Arab Emirates (20,882 rooms in 67 hotels). Two additional markets reported more than 5,000 rooms In Construction: Doha, Qatar (6,830 rooms in 30 hotels), and Riyadh, Saudi Arabia (6,657 rooms in 30 hotels).

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